Investment Highlights

Less Than a Quarter Mile from Numerous of Industrial, Manufacturing, Distribution Facilities | One Mile from Athens Industrial Park – 138 Acres | Direct Access to Both Areas

• Freddy’s is situated within a quarter of a mile from several industrial, manufacturing, and distribution facilities which are all directly accessible via Flat Creek Road. Notable companies within this area include:
  • Red River Brick – 159,000 SQ FT
  • Argon Medical Devices – 140,000+ SQ FT
  • Central Garden & Pet – 140,000+ SQ FT
  • Andrews Diversified Industries – 50,000 SQ FT
• Freddy’s is also located within one mile of the Athens Industrial Park, and is directly accessible via E East Tyler St. The park is home to notable companies such as:
  • Schneider Electric: Schneider operates a 400,000 sq ft distribution center and has been in this location since 1996. This facility services over 50% of the U.S.
  • Frito Lay: In 2023 Frito Lay built a Product Exchange Center for their Frito Lay and Pepsi Co products.
  • Other tenants include Steritec Inc, Biomerics FMI, and Med-Logics Inc, as well as the corporate headquarters for RoadMasters.

   

Proven Retail Trade Area | Walmart Supercenter – 2.3+ Million Visits Annually | Tractor Supply – 85th Percentile Nationwide | Whataburger – 541,000+ Visits Annually

• Across from Freddy’s, at the end of Flat Creek Road, is a highly trafficked Walmart Supercenter, which receives over 2.3 million annual visits. This Walmart most recently underwent a full-store remodel in 2019 and was renovated in 2012.  
• Tractor Supply, which is immediately north of Freddy’s and ranks in the 85th percentile nationwide. Tractor Supply and Freddy’s are accessible to one another via Mary Beth St as well as multiple cross-easement access points which cross neighboring properties.
• Adjacent to Tractor Supply is Sonic Drive-In, which sees over 314,000 annual visits.
• Whataburger, a Freddy’s competitor, is located on E Tyler St less than a quarter mile away. This particular Whataburger is a top-ranked location which has over 541,000+ annual visitors, further lending to demand in the area.

Strong Area Growth | Situated Amongst Numerous National Tenants All Newly Constructed

• Since 2018, numerous free-standing Quick-Service and Fast Casual Restaurants have opened locations in Athens, in addition to other national retailers. These concepts have all opened in the immediate area, further lending to the high consumer demand and the importance of this retail corridor. Examples include:    
• Dutch Bros Coffee, Chili’s, Hwy 55 Burgers & Fries, McAlister’s Deli, Starbucks, Dairy Queen, Panda Express, Burger King, KFC, and Dairy Queen.
• Non-restaurants include Murphy USA, Piggly Wiggly, Take 5 Car, Take 5 Oil, and AT&T.

Long-Term Absolute NNN Lease | Zero Landlord Responsibilities | 7.5% Rental Increases Every 5 Years | Experienced Freddy’s Franchisee

• The Property is subject to a 15-year Absolute NNN lease which provides for rental increases every five years and zero landlord responsibilities.
• The tenant is a seasoned Freddy’s franchisee which operates multiple locations throughout Texas. The lease also includes an entity guarantee and personal guarantees from each of the franchisee principals.

Busy Retail Corridor| Direct Connection to Athens’ Surrounding Loop 7 / U.S. Highway 175 | Direct Access to Dallas-Fort Worth (1 Hr)

• Freddy’s is situated on Flat Creek Road near the intersection of East Tyler Street.
• East Tyler St is the main east/west thoroughfare in Athens and is home to most retail and commercial activity. This road connects downtown Athens to the West with local businesses and companies to the east and northeast.
• Flat Creek Road offers direct access to State Highway Loop 7 / U.S Highway 175, which provides access to areas of Athens. Loop 7 also serves as a bypass for U.S. Hwy 175, State Hwy 19, and State Hwy 31, which are major north/south and east/west highways which connect motorists to other Texas cities and towns.
• U.S. Highway 175 offers direct access to and from Dallas-Fort Worth which is approximately one hour away. Many residents commute to DFW for work but choose to live in Athens given the lower cost of living.

Blue-Collar City | Strong Local Commitment to Athens, Henderson County – Over 75% Home Ownership Rate | Within 7 Min of All Local Athens Schools – 8,000+ Students

• Athens is the largest city and county seat of Henderson County, which has a population that exceeds 82,000 residents.
• Athens is a family-oriented blue-collar city with a cost-of-living that is over 5% less and over 10% less than the statewide and nationwide average, respectively. As a result and due to the proximity to DFW, over 75% of residents are homeowners, reinforcing the local long-term commitment to the city.
• Freddy’s is strategically situated within close proximity to residential communities and within 7 minutes of all of Athens’ schools, including Trinity Valley Community college, which have a combined enrollment of over 8,000+ students.
  • Athens Christian Prep Academy – 150 Students
  • Central Athens Elementary School – 547 Students
  • South Athens Elementary School – 490 Students
  • Athens Middle School – 705 Students
  • Athens High School – 918 Students
  • Trinity Valley Community College – 4,738 Students

Athens Evolving | New and Future Developments – Retail, Residential | Industrial, Manufacturing, Distribution Expansions

• Throughout Athens there are numerous projects recently completed, or currently under construction, across the retail, residential, commercial, and civic sectors.
• Freddy’s is within just three minutes of brand new multi-family developments:
  • Deer Park: Completed 2023, neighbors Athens Industrial Park and features 128 units.
  • Flat Creek Apartments: Completed 2023, is located directly east on Flat Creek Rd and will feature 90 units.
• As well, Freddy’s is in close proximity to Athens’ new single-family developments:
  • Waters Edge Ranch: Open and Under Construction, only nine lots remaining.
  • Haven on Mill Run: Open and Under Construction.
  • Whispering Oaks: Open and Under Construction.
  • Red Oak Estates: Open and Under Construction.
  • Whitetail Estates: Under construction.
• Non-Residential developments in the area include:
  • Athens High School Career and Technology Center – 175,000 Sq Ft Facility
  • Athens Steel Building Corp – 25,000 Sq Ft Expansion
  • Biomerics FMI –24,000 Sq Ft Expansion
  • Athens Police Department – New 17,000 Sq Ft Facility
  • CHRISTUS Trinity Clinic – 10,000 Sq Ft Expansion